Multi-Tenant Retail Center | For Sale

Summary

  • Sales Price $8,865,000
  • NOI $576,380
  • Cap Rate 6.5%
  • Occupancy 100%

Oldham Goodwin is pleased to present the Center at Aggieland for your consideration. This 22,875 SF multi-tenant retail center is situated in the heart of College Station’s bustling retail corridor near Texas A&M University. The center was completely rebuilt and renovated in 2016 to accommodate the overwhelming demand for new retail and services by the dense population near the University. Texas A&M is the second largest University in the United States, with over 65,000 students enrolled. The building’s tall façade and orientation parallel to Texas Avenue grant incredible visibility and exposure. The property is 100% occupied by long term NNN leases with built in rental escalations.

Investment Highlights

  • — Irreplaceable location on Texas Avenue near Texas A&M University.
  • — Located less than 1/4 mile from Texas A&M University.
  • — Texas A&M is the largest University in the state of Texas, with over 65,000 students and more than 15,000 faculty and staff.
  • — Dense population in the immediate area and incredible daytime traffic.
  • — 100% occupied with NNN leases and minimal landlord responsibilities.
  • — 100% occupancy with long term NNN leases in place.
  • — Increased cash flow and returns with built in rental escalations in lease agreements.
  • — Little to no Landlord Responsibilities with professional third party management.
  • — Well positioned in dense retail trade area.
  • — Located in the heart of College Station’s most dense retail corridor.
  • — Surrounded by major shopping centers and national retailers, including Kohl’s, HEB, Hobby Lobby, Target, AT&T, Chick-Fil-A, Starbucks, and many more.
  • — Close proximity to hotels, dining, and dense student housing.
  • — Excellent visibility and strong traffic counts.
  • — Prominent positioning parallel to Texas Avenue offers unmatched visibility and exposure.
  • — Over 42,000 cars per day pass by the property.
  • — Business friendly environment.
  • — Texas is consistently ranked highly for its business friendly environment and strong economy.
  • — Texas has no State Income Tax.